What will happen to my intraday (MIS/CO) position in case the stock circuit limits are hit?
If your intraday position or MIS trade isn’t squared off on the same day, due to circuit limits, it automatically transforms into a Cash and Carry (CNC) or NRML position. This means it’ll carry forward to the next trading day.
In such cases, it becomes the client’s responsibility to close the position. TradeJini holds the right to square off such positions at its discretion, even without issuing a margin call, if the necessary balance isn’t present in the TradeJini CubePlus account.